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    535 Garden Ave Renton, WA 98057

    Sponsored
    For Sale
    Contact for pricing

    6.94 acres, prime Renton location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6.94-acre mixed-use development opportunity in Renton, WA, presents a unique investment prospect. Located in the UC-2 (Urban Core) zone, this property comprises two parcels (APN 722300-0015, 722300-0115) at 535 Garden Ave N and 600 Park Ave N, Renton, WA 98057. The site boasts a five-story structured parking garage with approximately 948 stalls, conveniently connecting to existing office buildings via open sky bridges. Its strategic location within Renton's thriving urban center offers unparalleled access to major employers, excellent transportation links, and the vibrant amenities of The Landing shopping center and Lake Washington. This redevelopment opportunity is ideal for projects seeking to capitalize on the high demand for mixed-use developments in this rapidly growing area. Flexible purchase options are available for the North and South parcels, allowing for innovative partnerships and tailored development strategies. The property's zoning allows for a variety of uses, including residential, office, and potentially retail components, making it a highly versatile and attractive investment. This turnkey parking solution further enhances the property's value and potential for a high-impact project. The property is currently owned by Ion Renton, LLC and is offered for sale by owner.

    Property Features for 535 Garden Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    302,306 SF

    HighLights

    • Prime Renton location within a high‑growth corridor.
    • Close proximity to major employers.
    • Excellent access to transportation networks.
    • Turnkey parking available.
    • Strong rental demand growth.
    • Flexible acquisition options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.2010281
    Latitude
    47.4912142

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    FAQs

    What type of property is this?
    Multifamily property - 6.94 acres, prime Renton location.
    Where is this multifamily property located?
    The property is located at 535 Garden Ave Renton, WA.
    What are key features of this property?
    This property features: Prime Renton location within a high-growth corridor.; Close proximity to major employers.; Excellent access to transportation networks.
    Request Owner's contact information
    535 Garden Ave Renton, WA 98057
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    535 Garden Ave Renton, WA 98057
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